Prime Property Development Corporation standalone net profit declines 65.08% in the March 2018 quarter

Sales rise 733.33% to Rs 2.25 crore

Net profit of Prime Property Development Corporation declined 65.08% to Rs 0.66 crore in the quarter ended March 2018 as against Rs 1.89 crore during the previous quarter ended March 2017. Sales rose 733.33% to Rs 2.25 crore in the quarter ended March 2018 as against Rs 0.27 crore during the previous quarter ended March 2017.

For the full year,net profit declined 78.20% to Rs 4.72 crore in the year ended March 2018 as against Rs 21.65 crore during the previous year ended March 2017. Sales declined 78.40% to Rs 9.00 crore in the year ended March 2018 as against Rs 41.67 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales2.250.27 733 9.0041.67 -78 OPM %51.11-1085.19 -61.2255.65 - PBDT1.283.03 -58 6.0434.52 -83 PBT1.252.99 -58 5.8934.37 -83 NP0.661.89 -65 4.7221.65 -78

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